Mumbai-based Financial Technologies India (FTI) has seen its
profits surge 387% to INR4.82bn (S$10.5m) for the financial
year ended 31 March, due in part to its majority ownership of
Multi Commodity Exchange of India (MCX) and part ownership of
Dubai Gold and Commodities Exchange (DGCX).
FTI launched MCX in late 2003 with several institutional
partners and still retains a 64.3% stake, according to the
firm's annual stock exchange filing. MCX has been preparing an
IPO which will see FTI's stake reduced to 53.8%.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.